Teachers Advisors LLC grew its position in InterDigital, Inc. (NASDAQ:IDCC) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,659 shares of the Wireless communications provider’s stock after acquiring an additional 1,515 shares during the quarter. Teachers Advisors LLC owned approximately 0.30% of InterDigital worth $8,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of InterDigital by 7.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,116,987 shares of the Wireless communications provider’s stock valued at $89,359,000 after acquiring an additional 75,668 shares during the last quarter. Renaissance Technologies LLC grew its stake in InterDigital by 11.7% during the 3rd quarter. Renaissance Technologies LLC now owns 465,593 shares of the Wireless communications provider’s stock worth $37,247,000 after buying an additional 48,598 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in InterDigital by 14.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 296,500 shares of the Wireless communications provider’s stock worth $23,720,000 after buying an additional 37,590 shares during the last quarter. Alliancebernstein L.P. grew its stake in InterDigital by 1.7% during the 3rd quarter. Alliancebernstein L.P. now owns 102,042 shares of the Wireless communications provider’s stock worth $8,163,000 after buying an additional 1,705 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in InterDigital by 79.3% during the 3rd quarter. Prudential Financial Inc. now owns 100,089 shares of the Wireless communications provider’s stock worth $8,007,000 after buying an additional 44,280 shares during the last quarter. Institutional investors and hedge funds own 77.52% of the company’s stock.

IDCC stock traded up $0.36 during trading on Monday, reaching $73.06. 266 shares of the company’s stock were exchanged, compared to its average volume of 192,491. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.06 and a current ratio of 4.06. InterDigital, Inc. has a 1-year low of $62.34 and a 1-year high of $85.85. The firm has a market capitalization of $2.46 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.94 and a beta of 1.23.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, January 8th. This represents a $1.40 dividend on an annualized basis and a yield of 1.92%. InterDigital’s dividend payout ratio (DPR) is presently 23.10%.

In other InterDigital news, CEO William J. Merritt sold 15,000 shares of the business’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $71.62, for a total transaction of $1,074,300.00. Following the completion of the transaction, the chief executive officer now owns 156,549 shares in the company, valued at approximately $11,212,039.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded InterDigital from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, February 5th. BidaskClub upgraded InterDigital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 16th. TheStreet upgraded InterDigital from a “c+” rating to a “b-” rating in a research note on Monday, December 3rd. Finally, ValuEngine upgraded InterDigital from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $93.20.

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InterDigital Profile

InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks.

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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